Roth Capital Reaffirms Market Perform Rating for Seabridge Gold (NYSE:SA)

Seabridge Gold (NYSE:SA) (TSE:SEA)‘s stock had its “market perform” rating reaffirmed by stock analysts at Roth Capital in a report issued on Friday, AnalystRatings.com reports. They presently have a $21.00 price objective on the basic materials company’s stock. Roth Capital’s target price would indicate a potential upside of 32.83% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Zacks Investment Research cut Seabridge Gold from a “buy” rating to a “hold” rating in a research report on Friday. B. Riley lifted their price objective on Seabridge Gold from $30.50 to $41.00 and gave the company a “buy” rating in a research report on Tuesday, March 24th. Finally, ValuEngine cut Seabridge Gold from a “buy” rating to a “hold” rating in a research report on Monday, March 30th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Seabridge Gold currently has a consensus rating of “Hold” and a consensus target price of $26.00.

SA traded up $0.08 during trading on Friday, reaching $15.81. 338,510 shares of the stock traded hands, compared to its average volume of 669,365. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -121.62 and a beta of 0.89. Seabridge Gold has a fifty-two week low of $5.25 and a fifty-two week high of $16.67. The stock’s 50-day simple moving average is $12.92 and its two-hundred day simple moving average is $12.40.

Seabridge Gold (NYSE:SA) (TSE:SEA) last released its quarterly earnings data on Wednesday, May 13th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. On average, equities research analysts expect that Seabridge Gold will post -0.15 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of SA. Russell Investments Group Ltd. raised its holdings in Seabridge Gold by 36.3% during the first quarter. Russell Investments Group Ltd. now owns 1,108,223 shares of the basic materials company’s stock valued at $10,222,000 after buying an additional 294,876 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Seabridge Gold by 4.0% in the fourth quarter. Van ECK Associates Corp now owns 3,116,221 shares of the basic materials company’s stock worth $43,066,000 after purchasing an additional 119,129 shares during the period. FMR LLC increased its stake in shares of Seabridge Gold by 10.5% in the first quarter. FMR LLC now owns 1,228,210 shares of the basic materials company’s stock worth $15,266,000 after purchasing an additional 116,420 shares during the period. Baird Financial Group Inc. increased its stake in shares of Seabridge Gold by 57.0% in the first quarter. Baird Financial Group Inc. now owns 297,921 shares of the basic materials company’s stock worth $2,786,000 after purchasing an additional 108,116 shares during the period. Finally, Fore Capital LLC bought a new position in shares of Seabridge Gold in the first quarter worth about $840,000. Institutional investors own 23.46% of the company’s stock.

Seabridge Gold Company Profile

Seabridge Gold Inc, a development stage company, together with its subsidiaries, engages in the acquisition and exploration of gold properties located in North America. The company also explores for copper and silver ores. It holds a 100% interest in various North American gold resource projects. The company's principal assets are the Kerr-Sulphurets-Mitchell and Iskut properties located near Stewart, British Columbia, Canada, as well as the Courageous Lake gold project located in Canada's Northwest Territories.

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